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[+] Syscon - KATHY RAY/AL (2 replies)
3/10/2022 3:42:30 PM (434 views)

Difficulty Abstracting in Monroe County NY - Judy Maclauchlan/LA
3/8/2022 10:12:07 AM (424 views)

[-] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (801 views)

Recently, an increasing number of my clients have been rejecting what I would consider reasonable estimated costs and turnaround times for commercial, industrial and more than average residential full searches.  One client said there was $200 (plus copies) allocated for a multi-million dollar factory report that looked like it would take about twenty hours to complete. 

$200 divided by 20 = $10/hour. Less taxes and expenses, that would pay less than minimum wage.  Working at that price, it seems unbelievable that the contracted searcher would have E&O insurance, and E&O is required by nearly everyone who works in the U.S.

So: who's doing the work at this rate? And why are title companies trusting it to be correct? 

As thing slow down, pricing will become a race to the bottom.  Before the 2008 melt-down, it seemed that title companies were too often replacing experienced examiners and underwriters with data entry technicians who understood procedure but not purpose. I wonder if this is happening again, with the quality of work being unwittingly undermined.

Certainly this isn't happening everywhere. Stronger companies with an eye to long-term survival will keep up their quality.  But this does seem to be trending.    

Thoughts, anyone?

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Re: Who is Working for Minimum Wage? - Naomi Backes/NC
3/4/2022 8:36:56 PM (848 views)
Re: Who is Working for Minimum Wage? - Samuel Shumate/VA
3/7/2022 11:16:58 AM (709 views)
Re: Who is Working for Minimum Wage? - Judy Maclauchlan/LA
3/8/2022 10:02:29 AM (688 views)
Re: Who is Working for Minimum Wage? - Bruce Lutz/PA
3/29/2022 2:40:11 PM (463 views)
Re: Who is Working for Minimum Wage? - g h/SC
4/25/2022 5:40:21 PM (211 views)
Re: Who is Working for Minimum Wage? - george Hubka/MI
4/26/2022 8:40:17 PM (187 views)
Re: Who is Working for Minimum Wage? - Diane Sherrill/SC
4/26/2022 6:28:59 AM (198 views)

Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (490 views)

[+] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (504 views)


AccuSearch Company
Real Document Solutions


[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (773 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (553 views)

[+] Comment on "Upper Marlboro Woman Pleads Guilty to Wire Fraud in Connection with Mortgage Fraud Scheme" - Source of Title/OH (1 reply)
1/31/2022 9:38:08 AM (560 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (987 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (597 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1094 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (565 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (674 views)

[+] Elite Vendor Services - William Duncan/SC (4 replies)
1/20/2022 4:26:51 PM (712 views)

[+] Has anyone had any good experiences with Qualia? - William Duncan/SC (9 replies)
1/19/2022 1:10:29 PM (810 views)


<< get older messagesget newer messages >>

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